Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.68 and last traded at $35.69, with a volume of 1687475 shares traded. The stock had previously closed at $34.39.
Key Forgent Power Solutions News
Here are the key news stories impacting Forgent Power Solutions this week:
- Positive Sentiment: Bank of America initiated coverage with a “buy” rating and a $48.00 price target (about a mid-30s % upside vs. the current price), the most bullish target among the new covers.
- Positive Sentiment: Goldman Sachs initiated a Buy on FPS, highlighting the company as a preferred marginal supplier in critical power infrastructure; coverage note available via TipRanks. FPS coverage on TipRanks
- Positive Sentiment: TD Cowen started coverage with a “buy” rating and a $45.00 target (mid-to-high 20% upside).
- Positive Sentiment: Barclays initiated with an “overweight” rating and a $44.00 target (~23% upside). Article on Benzinga
- Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $43.00 price target (~21% upside). Article on Benzinga
- Positive Sentiment: Oppenheimer began coverage with an “outperform” rating and a $42.00 target (nearly 18% upside). Article on Benzinga
- Positive Sentiment: JPMorgan assigned an “overweight” rating with a $40.00 price target (~12% upside). Article on Benzinga
- Neutral Sentiment: Morgan Stanley initiated coverage at “equal weight” with a $38.00 target (low double-digit to single-digit upside), a more cautious stance compared with other brokers. Article on Benzinga
Analyst Ratings Changes
FPS has been the topic of a number of recent analyst reports. Barclays assumed coverage on Forgent Power Solutions in a research report on Monday. They set an “overweight” rating and a $44.00 price target on the stock. The Goldman Sachs Group assumed coverage on Forgent Power Solutions in a research report on Monday. They issued a “buy” rating and a $48.00 target price on the stock. Wolfe Research set a $48.00 price target on Forgent Power Solutions in a research note on Monday. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. Finally, JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a research note on Monday. They issued an “overweight” rating and a $40.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.
Forgent Power Solutions Stock Performance
About Forgent Power Solutions
We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.
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